Ford settles Takata class-action suit for $299M

Ford's settlement follows in the footsteps of several other automakers.

Ford has agreed to pay $299 million to settle a class-action lawsuit filed against the company for its use of faulty Takata airbags. The settlement was filed yesterday in a federal court in Miami.

The money will be doled out to the owners of roughly 3.8 million Ford vehicles equipped with faulty Takata airbags. The defective airbags, which can propel metal shrapnel at occupants, have been linked to more than 180 injuries and at least 13 deaths in the United States.

Ford is just the latest automaker to settle a lawsuit involving the Takata airbags. Last year Toyota, BMW, Mazda, Subaru and Nissan all settled separate agreements related to the deadly airbags. Those payouts ranged from $278.5 million to $68 million, according to The Detroit News.

According to Ford, just 938,000 out of the 3.8 million vehicles equipped with the recalled Takata airbags have been fixed. Ford is urging owners with an outstanding airbag recall to get the problem resolved as quickly as possible.

"Safety is our priority," Ford said in a statement. "We remain focused on working with our customers to get their vehicles repaired."